According to a new report from Infonetics Research, Asia-Pacific accounted for half the $2.3 billion global convergent charging market in 2013, with the region expected to continue leading the space into 2018 when the market is expected to top $5.3 billion.
The report noted that the convergent charging market, which offers services to telecom operators allowing for specialized service and pricing tiers, is expected to gain a boost as operators look to tap into the enterprise market. In addition, operators are looking for ways to deploy such offerings across a virtualized environment such as using network function virtualization, though Infonetics Research noted that few are actually doing so at this point.
“Much of the recent growth in the convergent charging market has been in expansion of existing deals, with operators buying license capacity and related services to support additional subscribers and new lines of business,” noted Shira Levine, directing analyst for service enablement and subscriber intelligence at Infonetics Research, in a statement. “There is a lot of momentum in Asia-Pacific, driven by interest in monetizing LTE in China and other more developed countries, as well as intelligent network replacement activity and rapid subscriber growth in emerging markets. We expect Asia to continue to dominate the market for at least the next five years.”
Sprint today announced a deal with ItsOn regarding the implementation of a software-as-as-service cloud platform to “design and implement granular service policy control” for data, messaging and voice services for the carrier.
RCR Wireless News recently released a report on the topic, entitled “Policy control and charging: waiting to be virtualized.”
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Report: Asia-Pacific set to lead global convergent charging market
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